Upgrade Personal Loans Review
Company Overview: Upgrade
Upgrade Personal Loan Overview
Upgrade offers attractive rates and terms compared with other top lenders in the personal loan industry:
Overview
| Key | Value |
|---|---|
| Minimum Loan Amount: | $1,000 |
| Maximum Loan Amount: | $35,000 |
| Loan Terms: | 3, 5 years |
| Minimum Income: | None, but must have at least $1,000 per month of free cash flow |
Details
| Key | Value |
|---|---|
| Origination Fees: | 1% - 6% |
| Late Fees: | $10 after 15-day grace period |
| Prepayment Penalty: | No |
| Soft Credit Check: | Yes |
How Upgrade Compares: Key Benefits Of Upgrade’s Personal loan
Here are some of the reasons that Upgrade borrowers love Upgrade personal loans:
- Mainstream Borrowers: Upgrade targets mainstream personal loan borrowers so you don’t need to have the best credit score to get approved.
- Free Credit Monitoring:Upgrade offers free credit monitoring, alerts and education features.
- Easy Online Application:You can apply for an Upgrade personal loan completely online.
- Fast Funding: Funds are disbursed typically within 1 day directly to your bank account.
- Job Loss: If you lose your job, Upgrade can work with you to reduce your monthly payment on a temporary basis or to extend the length of your personal loan.
Eligibility Criteria
To apply for an Upgrade personal loan, you need to meet the following eligibility criteria:
Requirements To Apply For Upgrade Personal loan
Minimum Age:Â At least age of majority in your state
Citizenship/Residency:Â U.S. citizen or permanent resident, or living in the U.S. with a valid visa (applies to co-signer too, if any)
Bank Account:Â Need a verifiable bank account
Email Address:Â Need a verifiable email address
Loan eligibility depends on a number of additional factors, which may include your credit profile, loan amount, loan term, and credit usage & history.
Bottom Line: Is Upgrade right for you?
Upgrade has a top reputation for personal loans.
You may be a good fit for Upgrade if:
- You have a credit score of at least 620.
- You have at least $1,000 of cash left over each month after paying your bills.
- You are not resident of any state, except Connecticut, Colorado, Iowa, Vermont or West Virginia.
Next Steps: How To Apply To Upgrade
You can apply for an Upgrade personal loan in 3 easy steps
Step 2:Â Complete application and upload documents.
Step 3:Â Accept loan terms and get funded in only 1 day (or 3 days if for a coding boot camp tuition).
The good news is that you can check your new personal loan rate online with Upgrade before you complete the full application. This way, you’ll know whether you can be approved for Upgrade personal loan. Therefore, Upgrade will provide you with an estimated personal loan rate. The pre-approval is only a soft credit pull so there is no impact to your credit.
If you have been pre-approved, you’ll need at least the following documents to complete the online application (which takes about 10-15 minutes):
- Your most recent pay stubs
- Driver’s license or passport (or other form of government-issued identification)
Applying is super easy – Get your personalized rate in 2 minutes
Compare Our Top Picks For Personal Loans For 2021
Overview
| Key | Value |
|---|---|
| Minimum Loan Amount: | $5,000 ($10,000 in CA) |
| Maximum Loan Amount: | $100,000 |
| Loan Terms: | 2 – 7 years |
| Minimum Income: | None |
Details
| Key | Value |
|---|---|
| Origination Fees: | No |
| Late Fees: | No |
| Prepayment Penalty: | No |
| Soft Credit Check: | Yes |
Review:
Overview
| Key | Value |
|---|---|
| Minimum Loan Amount: | $2,000 |
| Maximum Loan Amount: | $50,000 |
| Loan Terms: | 3, 5 years |
| Minimum Income: | $35,000 |
Details
| Key | Value |
|---|---|
| Origination Fees: | 0.99% – 5.99% |
| Late Fees: | $15 (3 day grace period) |
| Prepayment Penalty: | No |
| Soft Credit Check: | Yes |
Review:
Overview
| Key | Value |
|---|---|
| Minimum Loan Amount: | $1,000 |
| Maximum Loan Amount: | $100,000 |
| Loan Terms: | 2 – 7 years |
| Minimum Income: | None |
Details
| Key | Value |
|---|---|
| Origination Fees: | Varies |
| Late Fees: | Varies |
| Prepayment Penalty: | Varies |
| Soft Credit Check: | Yes |
Overview
| Key | Value |
|---|---|
| Minimum Loan Amount: | $1,000 |
| Maximum Loan Amount: | $45,000 |
| Loan Terms: | 3, 4, 5 years |
| Minimum Income: | No |
Details
| Key | Value |
|---|---|
| Origination Fees: | No |
| Late Fees: | No |
| Prepayment Penalty: | No |
| Soft Credit Check: | Yes |
Review:
Overview
| Key | Value |
|---|---|
| Minimum Loan Amount: | $5,000 |
| Maximum Loan Amount: | $75,000 |
| Loan Terms: | 3 – 15 years |
| Minimum Income: | No |
Details
| Key | Value |
|---|---|
| Origination Fees: | No |
| Late Fees: | No |
| Prepayment Penalty: | No |
| Soft Credit Check: | Yes |
Review:
Overview
| Key | Value |
|---|---|
| Minimum Loan Amount: | $1,000 |
| Maximum Loan Amount: | $35,000 |
| Loan Terms: | 3, 5 years |
| Minimum Income: | None, but must have at least $1,000 per month of free cash flow |
Details
| Key | Value |
|---|---|
| Origination Fees: | 1% – 6% |
| Late Fees: | $10 after 15-day grace period |
| Prepayment Penalty: | No |
| Soft Credit Check: | Yes |
Disclosures: Best Egg | Credible | Laurel Road | SoFi | Upgrade
